Cost of Fisheries Management: Theoretical and Practical Implications
BY Ragnar ArnasonABSTRACT
It follows that the common practice of ignoring fisheries management costs in the derivation of optimal fisheries rules and the actual design of fisheries policy is generally erroneous, perhaps seriously so. The necessary modifications of the usual fisheries optimally conditions are derived and the quantitative implications discussed.
The existence of significant fisheries management costs obviously raises the issue of the most efficient provision of these services. How much fisheries services should be provided, by whom and who should pay the cost? The last part of the paper deals with this type of question. Although not many general results seem to be readily available, it appears that efficiency would generally be served by a greater reliance on self-management by the fishing industry itself.
The Costs of Fisheries Management
